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CDA auctions two commercial plots for Rs 2.32bn

Rawalpindi: RAWALPINDI: Capital Development Authority (CDA) on Monday auctioned its two commercial plots at Rs 2,318.93 million during a ceremony at its headquarters.

One plot measuring 11,750 square yards and located in F-10 was sold for Rs 1351.25 million, while the other measuring 4,608 square yards and located in Blue Area was auctioned for Rs 967.68 million.

Federal Government Employees Benevolent Fund secured the Blue Area plot by offering the bid of Rs 210,000 per square yard, while the F-10 Margalla Tower plot was secured by another bidder for Rs 115, 000 per square yard.

The auction committee consisted of the CDA Finance, Estate and Engineering members. The deputy financial advisor was the committee’s secretary. The bids will be submitted to the CDA board for final approval.

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